If you’re 100% comfortable entering a business relationship with them, go for it! A good agent who is also a good friend “is going to work harder for you than any other agent you can hire,” Freund says. ” Not only will they work hard, but they may be better able to understand your specific needs.
Can your mom be your realtor?
Agents can represent a family member but they must disclose it upfront before an offer is placed. For Realtors®, this aspect is clearly specified in the Codes of Ethics. However, there are two things that any real estate agent should consider before accepting to represent a relative. First of all, is the lack of trust.
Who is my friend who is a real estate agent?
I recently bought a new house and sold my existing house. I have a very old dear friend who is a real-estate agent. When she saw my house on the MLS website, she confronted me and told me she was very hurt that I didn’t use her as our agent.
Can a real estate agent help a family member buy a house?
It may seem natural as a real estate agent to want to help a close family member or friend buy or sell a house. But you should know the potential consequences if you decide to act as a buyer’s or seller’s agent for someone close to you. There are three main risks you should be aware of:
Why did my friend hire the wrong realtor?
The other possibility is that for this case, your friend was the wrong type of realtor: Some specialize in condos, some in suburban houses, some in downtown Victorians. My agent said that if a friend chose to pass her over for this reason, she wouldn’t be offended.
What should I do if my friend wants to buy my house?
Check your insurance policy to ensure that it will still protect you in a transaction where you have a personal interest, or where it involves acting on behalf of a close friend or family member. Some policies DO NOT cover such arrangements.
